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government must step in to ensure the state and local government. the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have to step in to make sure they function, there are cities that are too big to fail. [applause] >> bankruptcy in one of those cities. >> yes, and so it is not enough for the administration to say, oh, we're behind you, droit. no. we said to wall street, $800 billion we're behind you, so that's being behind me. [laughter] >> okay. behind you, what are the policies? >> so, wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax because when they gamble, we lose. [applause] they have to pay
of detroit of their pensions. they worked hard for these pensions. [applause] and let me tell you something, if they, if we stand by while they take the detroiters pensions, they'll be taking our pensions. so don't think it won't happen to us. if they can set a precedent, they'll do it to us again. you know, let me just tell you this: inequality is a scourge on our society. and, yes, we're talking about low-wage workers making $7.25 an hour, we've got to do something about it. but there's the other side of that, the other side of that is that some people are doing pretty good. so between 1979 and 2007, 20, you know, a period of a it little bit less than 20 years, real income rose by 240% for those at the top 1. it's a shameful thing. it is a moral issue. and we have got to fight back at this. let me tell you this, our economy is capable be of producing -- capable of producing enough good paying jobs for everyone. [applause] our economy can do it. this economy can do it. but we can't do it while we're getting trade deals that are shipping our jobs overseas that just leaned on us if a few mon
of when they think of boston politics. >> what other races are you keeping an eye on? >> one is detroit. field ofthis candidates narrowed in a runoff to just two contenders for a job which is very important right now. the election itself may be less important compared to what happens after the election. how much power the mayor will even have when there is an emergency manager with sweeping authority. there is also houston. a democratic mayor is running a republicanerm opponent. she was elected mayor of houston, it became the largest american city with an openly gay mayor. you wouldy necessarily stereotype houston, texas. texas, it is worth keeping an eye on what happens there. if you cover politics and policy in this era of budget -- >> you cover politics and policy. what can mayor is expected from washington regarding infant -- regarding infrastructure, the nuts and bolts. >> you talk to mirrors over the country -- you talk to mi ayors and they are fed up with how little support they get from washington. certainty.ally no stimulusof ways, the that a lot of folks credit with helping gi
was identified at from detroit. heron and morris are on the ballot to be recalled because of deep objections by their constituents to particularly the gun grabbing votes that they cast some would say at the behest of the new york mayor michael bloomberg in this last legislative session. it's never been in the history of colorado that state legislators have been fired by we the people on the recall in midterm. that's what he means about september 10th. >> indeed. [applause] >> i think it's interesting just on the topic of new york city that you have a mayor now that is like a slurpee grabber and might be replaced by the most famous amateur photographer. >>> we will have more on the future of the political party tonight on c-span town hall. these programs and a variety of topics air live each tuesday, wednesday and thursday from seven to 9 p.m. eastern throughout the congressional recess. republican national committee chairman rights on the rising stars program today on the meeting in boston. we will have that live on c-span this morning at 11:15 eastern canadian alliance for health reform hol
as we have seen in europe and detroit last week? >> you frame this very well. i think it's a important as said to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. they had been chairing the meeting on energy in another part of the capitol complex. i walked in and there may be 16 or 17 people in the room and in the house and the senate, republicans and democrats. the psychiatry of the treasury and the bush administration was about 6 o'clock in the evening they posted a guard at the door and closed the door. it was very unusual, as you know. and i knew something dramatic was afoot. i sat down and the meeting began. the secretary of the treasury and the federal reserve told us they were taking over the large insurance company the next day and they made very clear they were out there to seek our advice or approval. they were there to inform us they were taking the steps and they told us that if they did not do it they be
million of our residents are on food stamps today. one in three households in detroit, according to the associated press, four out of five u.s. adults struggle with joblessness, near porveghts or reliance on welfare. there's no shortage of labor in the united states. there is a shortage of jobs in the united states. our goal must be to help our struggling americans move from dependency to independence, to help them find steady jobs and rising pay, not declining pay. our policy cannot be to simply relegate more and more of our citizens to dependence on the government while importing a steady stream of foreign workers to take the available jobs. that is not in the interest of our country or the people of this country. some contend our unemployed don't have the needed skills. well, let's train them. we now spend over $750 billion a year on means-tested welfare assistance-type programs. that's the largest item in the budget, bigger than social security, bigger than defense, bigger than medicare. and of that amount, we spend about -- for every $100 we spend on those programs, we only
, but treating affects down here. and the most dramatic example of that, of course, is stuxnet which detroit about 1000 centrifuges. stuxnet almost what i conducted by a nationstate because it's too complicated to be done in a garage or in your basement, all right? look, given my background, former director of cia, i think it's absolute unavoidable good. but i'll describe what i just described to you in just like they did forward. somewhat almost certain initiative during a time of these just use a cyber weapon to destroy another nation's critical infrastructure. ouch. that's a big deal. you may or may not see me making a comment on 60 mins about a year and a half ago in which i can characterize that as somebody crossing a river gone, got a leaking on the other side of the river, and life will be very different. so those are your sins. stealing your stuff, disrupting the network, destroying their infrastructure. who are the sinners? nationstates. you know that. criminal elements, and then finally this third group that it would have trouble defining, nihilists, anarchists, activists, losec, a
Search Results 0 to 6 of about 7

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